$BTC has pulled back from the $80K+ area, showing short-term volatility after a strong recent rally. Recent daily data confirms BTC closed around $80,288 on Aug 28, while the latest quoted price is around $77.85K.
Technical view: ๐ก Bullish structure, short-term pullback
๐ด Resistance: ~$80,800
๐ข Support: ~$78,000
๐ Losing $78K could increase downside pressure.
๐ Reclaiming $80.8K would strengthen the bullish setup.
Recent BTC momentum has been strong, with BTC gaining substantially over the preceding week before this pullback.
#GoldRisesAbout14%InAugust #BTCโ๏ธ
Technical view: ๐ก Bullish structure, short-term pullback
๐ด Resistance: ~$80,800
๐ข Support: ~$78,000
๐ Losing $78K could increase downside pressure.
๐ Reclaiming $80.8K would strengthen the bullish setup.
Recent BTC momentum has been strong, with BTC gaining substantially over the preceding week before this pullback.
#GoldRisesAbout14%InAugust #BTCโ๏ธ
